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Energy Forecast 2013-2014: Convert to Natural Gas

Forbes -- The energy outlook for the next two years is surprisingly diverse. Oil and its liquid derivatives will remain fairly high priced, but natural gas will continue to cheapen, increasing the spread between the two fuels to unprecedented levels.

Global oil supply has increased modestly. Gains have been driven by new technology (fracking and horizontal drilling) and high prices. These positives have outweighed by the negatives of mature oil fields and political control of much of the world’s oil-bearing territories.

The increased global oil production is spread across the entire world, as the oil market is global. Prices have remained high because the increase in production is still fairly modest, roughly in line with demand gains.

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Submitted Oct 27, 2012 By: skb69sa

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remay Champion Author Houston Posts:6,948 Points:2,113,615 Joined:May 2006	Message Posted: Oct 29, 2012 3:38:05 AM Ignore remay Report Abuse two-edge sword... either gain on investments and suffer in the wallet, or vice versa...
DrCashFlow Champion Author Massachusetts Posts:7,054 Points:1,623,325 Joined:Jun 2008	Message Posted: Oct 29, 2012 2:36:56 AM Ignore DrCashFlow Report Abuse full steam ahead
RitaVespa Champion Author Oregon Posts:2,961 Points:788,360 Joined:Jan 2011	Message Posted: Oct 28, 2012 11:23:50 PM Ignore RitaVespa Report Abuse Lets do it!
LetemEatCake Champion Author Oklahoma City Posts:5,595 Points:1,201,860 Joined:Mar 2008	Message Posted: Oct 27, 2012 8:55:55 PM Ignore LetemEatCake Report Abuse The only way to go for now!
ficoON Rookie Author Ontario Posts:12 Points:1,700 Joined:Oct 2012	Message Posted: Oct 27, 2012 7:38:11 PM Ignore ficoON Report Abuse Interesting.
Night Owl Champion Author Toronto Posts:7,535 Points:1,783,575 Joined:Jul 2004	Message Posted: Oct 27, 2012 7:06:30 PM Ignore Night Owl Report Abuse Let's use more of America's and Canada's plentiful reserves of natural gas.
weenerdog Champion Author Detroit Posts:9,441 Points:1,880,890 Joined:Jan 2008	Message Posted: Oct 27, 2012 11:01:39 AM Ignore weenerdog Report Abuse interesting
CivicMA Champion Author Boston Posts:1,877 Points:531,195 Joined:Jun 2011	Message Posted: Oct 27, 2012 10:05:06 AM Ignore CivicMA Report Abuse Wish I could! NG is too far away from my house (almost 1/2 mile) to make this work.
fuel2use Champion Author Seattle Posts:3,468 Points:729,325 Joined:Dec 2010	Message Posted: Oct 27, 2012 9:34:57 AM Ignore fuel2use Report Abuse But for heating they want 10K to hook up to the house.
VB_Richard Champion Author Virginia Beach Posts:1,638 Points:347,820 Joined:Dec 2011	Message Posted: Oct 27, 2012 7:42:03 AM Ignore VB_Richard Report Abuse Engineers creating conversions kits for the everyday DIY mechanic is a dream industry.
Skunk63 Champion Author Phoenix Posts:2,541 Points:554,475 Joined:Oct 2011	Message Posted: Oct 27, 2012 7:41:40 AM Ignore Skunk63 Report Abuse Good article.
bell05 Champion Author Atlanta Posts:9,235 Points:1,872,610 Joined:Jun 2005	Message Posted: Oct 27, 2012 7:38:15 AM Ignore bell05 Report Abuse Yea yea.
sljbc475 Champion Author Tucson Posts:4,200 Points:868,375 Joined:Dec 2010	Message Posted: Oct 27, 2012 7:37:48 AM Ignore sljbc475 Report Abuse Convert all diesel vehicles to natural gas.
packards42 Champion Author Washington Posts:6,425 Points:1,124,590 Joined:Feb 2005	Message Posted: Oct 27, 2012 7:34:10 AM Ignore packards42 Report Abuse Yes convert, convert, like the office of the President, convert to the otherside.
slgas Champion Author Houston Posts:6,010 Points:1,558,540 Joined:Oct 2008	Message Posted: Oct 27, 2012 7:27:29 AM Ignore slgas Report Abuse I thought that natural gas prices were starting back up from their recent lows.
techque Champion Author St. Louis Posts:8,635 Points:2,417,130 Joined:Apr 2005	Message Posted: Oct 27, 2012 7:23:51 AM Ignore techque Report Abuse natural gas is too valuable a resource to waste as industrial boiler fuel or transportation.
muquee Champion Author Harrisburg Posts:2,416 Points:518,720 Joined:Nov 2011	Message Posted: Oct 27, 2012 7:23:43 AM Ignore muquee Report Abuse Today
Buffalo Joe Champion Author Alberta Posts:8,576 Points:2,504,875 Joined:Feb 2003	Message Posted: Oct 27, 2012 7:23:16 AM Ignore Buffalo Joe Report Abuse Just like the weather.
scrossi Champion Author Indiana Posts:3,864 Points:1,044,490 Joined:Dec 2008	Message Posted: Oct 27, 2012 7:22:52 AM Ignore scrossi Report Abuse When your heating bill skyrockets, you won't think this is a good idea.
me2002 All-Star Author Toledo Posts:763 Points:319,205 Joined:Dec 2011	Message Posted: Oct 27, 2012 7:21:50 AM Ignore me2002 Report Abuse Sounds good
jalan25 Champion Author Indianapolis Posts:2,325 Points:567,170 Joined:Sep 2011	Message Posted: Oct 27, 2012 7:20:53 AM Ignore jalan25 Report Abuse Trying to get my wife to cook this winter on our gas grill but she is now buying the idea of shoveling snow to get to it.
scottydoesnt Champion Author Chicago Posts:3,762 Points:527,120 Joined:Apr 2011	Message Posted: Oct 27, 2012 7:20:15 AM Ignore scottydoesnt Report Abuse I would love to build a new house right now. If I did, I would make sure there is a natural gas line in the garage, and also a 220v outlet for probably my next vehicle purchase.
PTBpricer Champion Author Virginia Posts:1,455 Points:202,195 Joined:Jun 2012	Message Posted: Oct 27, 2012 7:20:13 AM Ignore PTBpricer Report Abuse Good. The more we use NG for vehicles the less we use oil.
Caribou2011 Champion Author Ohio Posts:3,746 Points:764,835 Joined:Feb 2011	Message Posted: Oct 27, 2012 7:18:53 AM Ignore Caribou2011 Report Abuse Sounds like Forbes made this report too early, Gasoline is falling like a skydiver without a parachute and Natural gas still needs a system to support it.
smokinjoe54 Champion Author Ohio Posts:4,702 Points:908,615 Joined:Feb 2010	Message Posted: Oct 27, 2012 7:17:52 AM Ignore smokinjoe54 Report Abuse Go CNG.
repeater1 Champion Author Topeka Posts:8,283 Points:2,361,820 Joined:Oct 2005	Message Posted: Oct 27, 2012 7:17:48 AM Ignore repeater1 Report Abuse Do we have all the infrastructure needed to convert?
Hangnail309 Champion Author Manitoba Posts:6,004 Points:1,673,180 Joined:Aug 2006	Message Posted: Oct 27, 2012 7:17:41 AM Ignore Hangnail309 Report Abuse Is this cost effective for small vehicles?
AccordV6MN Champion Author Twin Cities Posts:4,402 Points:651,460 Joined:Apr 2011	Message Posted: Oct 27, 2012 7:17:21 AM Ignore AccordV6MN Report Abuse Nice, cleaner energy
Royski All-Star Author Los Angeles Posts:869 Points:178,550 Joined:Oct 2006	Message Posted: Oct 27, 2012 7:15:50 AM Ignore Royski Report Abuse Great for the environment: less pollution and particulates, less carbon emissions, and less stinky!
INBwana Champion Author Indiana Posts:5,416 Points:691,985 Joined:Apr 2011	Message Posted: Oct 27, 2012 7:15:48 AM Ignore INBwana Report Abuse Just more cowabunga from Forbes.
fenster66 Champion Author Pittsburgh Posts:3,330 Points:670,090 Joined:May 2011	Message Posted: Oct 27, 2012 7:14:26 AM Ignore fenster66 Report Abuse CNG is the way to go....
mberg Champion Author Houston Posts:3,787 Points:956,480 Joined:Aug 2010	Message Posted: Oct 27, 2012 7:14:15 AM Ignore mberg Report Abuse This surprised me, as it seems that gasoline prices are falling fast, while natural gas is rising from its recent very low price.
kjSC Champion Author South Carolina Posts:3,377 Points:681,375 Joined:Apr 2011	Message Posted: Oct 27, 2012 7:13:29 AM Ignore kjSC Report Abuse Now all we need is some reliable, low cost NG vehicle choices for consumers to purchase.
bullseye100 Champion Author New Jersey Posts:2,414 Points:580,805 Joined:Aug 2011	Message Posted: Oct 27, 2012 7:12:01 AM Ignore bullseye100 Report Abuse Does this mean my gas bill will be cheap this winter? It better be or it's Obama's fault.
henryeOH Champion Author Akron Posts:1,056 Points:58,070 Joined:Jan 2011	Message Posted: Oct 27, 2012 7:11:58 AM Ignore henryeOH Report Abuse Again, CNG until fuel cells are more ready
katmandue Champion Author Detroit Posts:8,051 Points:2,130,120 Joined:Jul 2006	Message Posted: Oct 27, 2012 7:11:41 AM Ignore katmandue Report Abuse Not cost effective for small autos.
BumpinButch Champion Author Texas Posts:1,586 Points:505,300 Joined:Feb 2009	Message Posted: Oct 27, 2012 7:11:26 AM Ignore BumpinButch Report Abuse We in the US need at least one NEW Refinery.
timesaverinc Champion Author Wichita Posts:1,453 Points:290,715 Joined:Apr 2011	Message Posted: Oct 27, 2012 7:11:21 AM Ignore timesaverinc Report Abuse K
Suzzoom Champion Author Nevada Posts:2,343 Points:501,940 Joined:Jan 2011	Message Posted: Oct 27, 2012 7:10:57 AM Ignore Suzzoom Report Abuse A good trend, but let's also make alternative energy affordable & readily available.
krzysiek_ck Champion Author Illinois Posts:5,307 Points:725,135 Joined:Apr 2011	Message Posted: Oct 27, 2012 7:10:38 AM Ignore krzysiek_ck Report Abuse OK
2khawk Champion Author Iowa Posts:5,238 Points:924,025 Joined:Oct 2010	Message Posted: Oct 27, 2012 7:09:33 AM Ignore 2khawk Report Abuse Natural gas is way off it's lows of last spring.
FFootdoc12 All-Star Author Illinois Posts:849 Points:306,025 Joined:Apr 2008	Message Posted: Oct 27, 2012 7:09:11 AM Ignore FFootdoc12 Report Abuse FYI....its finite too
Black Wagon Champion Author Illinois Posts:7,291 Points:1,798,770 Joined:Mar 2004	Message Posted: Oct 27, 2012 7:09:00 AM Ignore Black Wagon Report Abuse Crystal ball forecasts again.
Insuremn Champion Author Twin Cities Posts:4,932 Points:1,027,010 Joined:May 2010	Message Posted: Oct 27, 2012 7:08:50 AM Ignore Insuremn Report Abuse Drill here now and stop sending our money to OPEC.
GManCo Champion Author Colorado Springs Posts:4,981 Points:947,815 Joined:Sep 2010	Message Posted: Oct 27, 2012 7:07:37 AM Ignore GManCo Report Abuse Do it.
autohio Champion Author Ohio Posts:3,755 Points:815,475 Joined:Jan 2011	Message Posted: Oct 27, 2012 7:05:55 AM Ignore autohio Report Abuse Here's hoping
cucamongacurtis Champion Author San Bernardino Posts:1,019 Points:216,110 Joined:Oct 2012	Message Posted: Oct 27, 2012 7:05:07 AM Ignore cucamongacurtis Report Abuse Saw this coming. Bought a natural gas clothes drier. Works great and runs cheap.
dan30thz28 Champion Author New Jersey Posts:5,898 Points:1,978,990 Joined:Feb 2006	Message Posted: Oct 27, 2012 7:02:27 AM Ignore dan30thz28 Report Abuse Hope it works out.
ghoag Champion Author Twin Cities Posts:1,113 Points:257,075 Joined:Aug 2012	Message Posted: Oct 27, 2012 7:02:08 AM Ignore ghoag Report Abuse good
fcdriver Champion Author Tennessee Posts:7,228 Points:1,469,830 Joined:Sep 2008	Message Posted: Oct 27, 2012 7:01:28 AM Ignore fcdriver Report Abuse i'm all for it